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For Sale: Inglewood, CA – Fox Theatre

Historic theater attracts interest

Originally printed at http://www.wavenewspapers.com/news/82858517.html

INGLEWOOD — Just over a week before it goes up for auction, the landmark Art Deco-style Fox Theater on Market Street is already attracting serious commercial interest, according to its current owner, former NFL player Mark Fields.

The historic building is up for sale in a sealed-bid auction Feb. 5, with the minimum bid set at $200,000.

The sale is being handled through Sperry Van Ness Accelerated Marketing Co. The 12,090-square-foot theater, located at 115 N. Market St., was completed in 1949 and has been closed since 1984. It was a popular locations for movie premieres in the 1950s, the company said.

While the facade and interior need refurbishing, the theater retains its original fixtures and projection equipment.

“It depends on how many and the type of offers,” said Sperry Van Ness spokesman Ben Cherney. “If one stands out then it has the best chance of winning. If there are say three to five similar bids, then we’ll go back for the best and final offer.”

via Los Angeles Wave | Los Angeles News | Historic theater attracts interest |.

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